Databricks Hits $188B Valuation | Tech News

Databricks just shattered its own valuation record, hitting $188 billion after a massive funding round led by Coatue—rumored to be worth $3 billion and closing later this summer. The company’s meteoric rise reflects its strategic pivot from big data to AI dominance, with recent product launches like Lakebase and Unity showcasing its AI ambitions. Built on affordable open models like GLM 5.2, Databricks is proving that cost-effective, open-source AI can match—or even outperform—proprietary tools, especially when paired with the right “harness” for deployment. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/96ae61dffd1c9aeb